Wednesday, December 25, 2024
Oil eases on concerns over U.S.-China talks, weak economic data - oil and gas 360

Oil eases on concerns over U.S.-China talks, weak economic data

Source: Reuters: Oil prices slid on Tuesday as Washington’s blacklisting of more Chinese companies dampened hopes for a trade deal between the two countries, though unrest in Iraq and Ecuador lent some support to crude prices. Both Brent crude LCOc1 and West Texas Intermediate (WTI) CLc1 crude had risen by more than 1% earlier in the day, but by 10:59

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers - oil and gas 360

Novatek in talks on LNG transhipment after U.S. sanctions China COSCO tankers

Source: Reuters: Russia’s liquefied natural gas (LNG) producer Novatek is in talks to tranship its Yamal cargoes in Norway or Russia’s Murmansk because it is unsure of the impact of U.S. sanctions on the Chinese COSCO tankers it uses, a Novatek official said. The United States imposed sanctions on Sept. 25 on state-owned COSCO’s subsidiaries, COSCO Shipping Tanker (Dalian) Co